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look across the economy, we see momentum building. i think that is consistent with experience in other countries after some period of time in which growth resumes. on top of that is the effect of fiscal tightening for 2013, which this year we think offsets most of that gathering strength in the economy. but by the time the economy has adjusted to the tightening this year, projections for current the law, next year and beyond we will see economic growth. there are important risks on the upside and downside, but we think it is a reasonable middle given what we have seen today. >> one and a half questions, if i could. you talk about the fiscal drag from this year. can you give us separate estimates for each of those elements, or at least specifically the sequester, and how much of a drag that would be? and there was an increase in ag spending. i wonder what the situation was there? >> on fiscal tightening, we said we saw a total of 1.5% of gdp effected by fiscal tightening. it is in our baseline projection. gdp growth would be 1.5% faste
look across the economy, we see momentum building. i think that is consistent with experience in other countries after some period of time in which growth resumes. on top of that is the effect of fiscal tightening for 2013, which this year we think offsets most of that gathering strength in the economy. but by the time the economy has adjusted to the tightening this year, projections for current the law, next year and beyond we will see economic growth. there are important risks on the upside...
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Feb 9, 2013
02/13
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they are the essential tools for success in this new economy. we need to invest more where we get the biggest return, in quality early learning programs. [applause] we need a system that aligns from early learning to k-12 to our universities. accountability must be present at every level. we should continue the progress we are making on improving the teacher and principal evaluation system, and make it a significant part of personnel decisions. and yes we need to meet the funding obligations set out by the mccleary decision, but we cannot continue to allow funding debates to mask deeper problems in our schools that demand innovation and reform. i want us to be able to look our children in the eyes, knowing that we honored our commitment to provide them a world-class education. through systemic, sustainable reform of our schools. not through gimmicks or blind allocation of money, but through systemic, sustainable reform of our schools. it's also critical for us to preserve the leading role our research institutions play in inventing the future, g
they are the essential tools for success in this new economy. we need to invest more where we get the biggest return, in quality early learning programs. [applause] we need a system that aligns from early learning to k-12 to our universities. accountability must be present at every level. we should continue the progress we are making on improving the teacher and principal evaluation system, and make it a significant part of personnel decisions. and yes we need to meet the funding obligations...
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Feb 10, 2013
02/13
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we need to get it back below 20% and we're not and wondering why the economy is growing so slowly. it's going to be ten years out and we're going to be in worse shape and it's going to dawn on us, that that's the reason why, and we're living in a nation in cline. >> hold on one second. >> hey, i love you like mad, but the fastest we've had in the country is during world war ii when taxes were dramatically, fantastically higher than they are now. higher taxes are not automatically correlated with the-- >> i'm sorry, but-- >> guys, hold on one second, ben, i want to say something to that, that's brought up all the time. have you ever looked at the percentage of the population that was paying that high rate? it would be, if you adjusted for inflation, it'd be someone making 3.6 million dollars now. it's sort of an farce to say we have high tax rates in the past and it worked. at what level, ben, do you personally say ouch. okay for the government to take 60, 70, 80, 90% of what you earn. >> wait a second during world war ii even wage earners were paying taxes 30% and taxes were much h
we need to get it back below 20% and we're not and wondering why the economy is growing so slowly. it's going to be ten years out and we're going to be in worse shape and it's going to dawn on us, that that's the reason why, and we're living in a nation in cline. >> hold on one second. >> hey, i love you like mad, but the fastest we've had in the country is during world war ii when taxes were dramatically, fantastically higher than they are now. higher taxes are not automatically...
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Feb 9, 2013
02/13
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. >> dagen, i've got to tell you, one way they think you can fix the economy, taxes, taxes, taxes, it's nuts. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all eventually going to have to pay higher taxes, but as the only item in your play book how to fix your economy it doesn't seem like it's ever going to work. >> i keep thinking if taxes are so terrible, why don't we just have no taxes at all. why don't we pay for-- >> 100% taxes. >> why don't we have no taxes at all and why don't you not interrupt me for once? >> i can't help it. >> why don't we have no taxes at all and why don't we have some some balance in the budget. and for gosh sakes, we're grownup dis
. >> dagen, i've got to tell you, one way they think you can fix the economy, taxes, taxes, taxes, it's nuts. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending...
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Feb 12, 2013
02/13
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our economy is growing slowly. debt is growing three times faster than our economy is expanding. what do you make of that? >> you know, at some point the reality is going to have to sit in on the white house, and the economic team, the notion the you can spend your way to prosperity is just mistaken. it is a mystery to me why they can raise $600 billion in taxes in january and think that they're going to have a clean energy spending program that will solve that problem in february. it is just not going to happen. it is time to get back to basics. but the u.s. on a stable fiscal path, do the kind of spending reforms that we need to do a tax reform. you know, allow the private sector some certainty about the future so that it can do its job. gerri: it is interesting. i think this speaks may be more political than the ones he has done in the past. i don't know if you heard the speaker today. he was on fire saying, i don't think the president has the guts to do it, and by that he means cut spending. he does not have the courage to take a liberal side of his own party and never has. d
our economy is growing slowly. debt is growing three times faster than our economy is expanding. what do you make of that? >> you know, at some point the reality is going to have to sit in on the white house, and the economic team, the notion the you can spend your way to prosperity is just mistaken. it is a mystery to me why they can raise $600 billion in taxes in january and think that they're going to have a clean energy spending program that will solve that problem in february. it is...
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gerri: i look what the cbo says about the economy. >> i agree. the depressing number is one .4%. >> and one point* 9% last year. >> you talk about 8% employment again and it is up 3% next year. bad is optimistic projection but why wouldn't you expect the economy to grow greater than 2%. [laughter] that will create a political problem for the president if the unemployment rate is above 8%, democrats will get very nervous and they will start to separate themselves. gerri: you say they are on a retreat i know they talk about tax increases that is what you hear from harry reid, tax hikes, spending cuts, when will they back off? they have already gotten them and don't seem satisfied. >> no, they don't think they need to cut back spending in a serious way. elsie growth of medicare and medicaid spending a problem although the cbo said we will be assisted home of the military but by pushing the tax hikes they create uncertainty because they don't know what it is, but until they have certainty we will not grow the private sector and the president kicks th
gerri: i look what the cbo says about the economy. >> i agree. the depressing number is one .4%. >> and one point* 9% last year. >> you talk about 8% employment again and it is up 3% next year. bad is optimistic projection but why wouldn't you expect the economy to grow greater than 2%. [laughter] that will create a political problem for the president if the unemployment rate is above 8%, democrats will get very nervous and they will start to separate themselves. gerri: you...
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Feb 4, 2013
02/13
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now, he asked about other european economies. the fact is it you listen to the european union, the oecd, or the i.m.f., they all point out that britain will have the fastest growth of any major economy in europe this year. but i have to ask him, what is his plan? we all know it. it's a three-point plan, more spending, more borrowing, more debt. exactly the things that got us into the mess in the first place. >> i have to say that we have got used to that kind of answer from the prime minister. he promises a better tomorrow and tomorrow never comes. that is the reality. and he couldn't deny the fact that we're 18th out of 20 countries. we've done worse than the u.s.a., worse than canada, worse than germany, worse than france because of his decisions. now, last week, the chief economist of the i.m.f. said this. he said, if things look bad at the beginning of 2013, which they do -- and he was talking about the u.k. then there should be a reassessment of fiscal policy. so, mr. speaker, after two years of no growth, can the prime mini
now, he asked about other european economies. the fact is it you listen to the european union, the oecd, or the i.m.f., they all point out that britain will have the fastest growth of any major economy in europe this year. but i have to ask him, what is his plan? we all know it. it's a three-point plan, more spending, more borrowing, more debt. exactly the things that got us into the mess in the first place. >> i have to say that we have got used to that kind of answer from the prime...
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Feb 9, 2013
02/13
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FOXNEWSW
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we need to get it back below 20% and we're not and wondering why the economy is growing so slowly. it's going to be ten years out and we're going to be in worse shape and it's going to dawn on us, that that's the reason why, and we're living in a nation in decline. >> hold on one second. >> hey, i love you like mad, but the fastest we've had in the country is during world war ii when taxes were dramatically, fantastically higher than they are now. higher taxes are not automatically correlated with the-- >> i'm sorry, but-- >> guys, hold on one second, ben, i want to say something to that, that's brought up all the time. have you ever looked at the percentage of the population that was paying that high rate? it would be, if you adjusted for inflation, it'd be someone making 3.6 million dollars now. it's sort of an farce to say we have high tax rates in the past and it worked. at what level, ben, do you personally say ouch. okay for the government to take 60, 70, 80, 90% of what you earn. >> wait a second during world war ii even wage earners were paying taxes 30% and taxes were much
we need to get it back below 20% and we're not and wondering why the economy is growing so slowly. it's going to be ten years out and we're going to be in worse shape and it's going to dawn on us, that that's the reason why, and we're living in a nation in decline. >> hold on one second. >> hey, i love you like mad, but the fastest we've had in the country is during world war ii when taxes were dramatically, fantastically higher than they are now. higher taxes are not automatically...
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Feb 11, 2013
02/13
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LINKTV
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basically, the level of income in the economy. if my income is $10,000 a year, i'll spend, say, $9,000 on consumers' goods. if my income is $20,000, i'll spend, say, $17,000. if my income is only $4,000, i'll want to spend only $3,900 on consumption. we can see what happens in the keynesian world when investment falls. this fall brings down income here. this in turn brings down consumption. the process doesn't stop here. consumption, according to keynes, ultimately falls by a multiplied amount. suppose a business spends $1 million a year on labor to expand its plant capacity. suddenly, it stops. the income of these laborers is cut by $1 million. let's suppose they would have spent 3/4 of the 1 million on, say, food and automobiles. because of their layoff, there is a $750,000 cut in demand for food and autos. it doesn't end there, for now automobile producers and farmers have less income. their spending on shoes, movies, houses, and singing lessons will be reduced. first the $1 million, then 3/4 of that, then 3/4 of that, until fi
basically, the level of income in the economy. if my income is $10,000 a year, i'll spend, say, $9,000 on consumers' goods. if my income is $20,000, i'll spend, say, $17,000. if my income is only $4,000, i'll want to spend only $3,900 on consumption. we can see what happens in the keynesian world when investment falls. this fall brings down income here. this in turn brings down consumption. the process doesn't stop here. consumption, according to keynes, ultimately falls by a multiplied amount....
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Feb 11, 2013
02/13
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. >> we will certainly hear a lot about jobs and the economy. that is what they want the takeaway headline to be. there is some criticism about that after the inaugural speech, that it was too focused on big liberal issues, not enough on jobs and the economy. there is also that as a way to put pressure on republicans with the sequester coming up. we may also hear about a so- called progressive case for deficit reduction. , cres have not focused on deficit reduction when it comes to dealing with the sequester -- democrats have not focused on deficit reduction when it comes to dealing with the sequester. >> do you expect them to expand on things he talked about during the inaugural speech? including climate control -- climate change gay marriage? >> yes. those are all open questions. a lot of people are anxious to hear whether he really is aggressive and specific on climate change. this is something that was a centerpiece of his political identity, and he was criticized by the right for advocating it during his first term as he focused on other th
. >> we will certainly hear a lot about jobs and the economy. that is what they want the takeaway headline to be. there is some criticism about that after the inaugural speech, that it was too focused on big liberal issues, not enough on jobs and the economy. there is also that as a way to put pressure on republicans with the sequester coming up. we may also hear about a so- called progressive case for deficit reduction. , cres have not focused on deficit reduction when it comes to...
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that larger than the economy, and it will stay that way for decades. lou: until everyone understands that there has to be a prudent, rational, fiscal policy pursued by both parties, we are on the verge, and seems to me, being a detonation in perpetuity. when you talk about growth, the only way to read at least deal with the problems that face us now is to restore growth. as you said, the big issue is growth. at think some of the most optimistic projections i have ever seen from a president whose economy is contracting combat least at the time he made the projection. are you kidding me? >> it is just not going to happen in these circumstances, and that is one of the great fiction is that is being pushed at the american people is that we have to choose between gross and fixing our budget. we don't. fixing the budget is part of better growth. it is simply not a good growth policy to sail straight toward a fiscal disaster which is a we're heading for right now. we would be well advised to do a u-turn on the budget. we need a sensible, rational, bipartisan
that larger than the economy, and it will stay that way for decades. lou: until everyone understands that there has to be a prudent, rational, fiscal policy pursued by both parties, we are on the verge, and seems to me, being a detonation in perpetuity. when you talk about growth, the only way to read at least deal with the problems that face us now is to restore growth. as you said, the big issue is growth. at think some of the most optimistic projections i have ever seen from a president...
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liz: peter, job growth, and the economy. what are we expecting the president will say in his state of union. >> i think a lot of the same proposals he has made in the past and repeated that particularly on budget hements the quote, balance -- want the quote balances approach, that includes new tax revenues closing loophes, and limiting deductions for taxpayers, we hear him propose potentially, i don't know if he will get into this but say he has said he is willing to look at changes in medicare, we might see specific on means testing which republicans agree with by the way, but i'm not sure we'll hear him say he will change formulas and calculates social security benefits, white house said that is a separate discussion. liz: maybe news -- a reform tucker that is a news flash, president talks about means testing. >> and also he talked about tort reform during the lead up to obamacare, it was not in the final bill, the things he talks about are not necessarily the things he pushes for. liz: private equity? >>, among others, a
liz: peter, job growth, and the economy. what are we expecting the president will say in his state of union. >> i think a lot of the same proposals he has made in the past and repeated that particularly on budget hements the quote, balance -- want the quote balances approach, that includes new tax revenues closing loophes, and limiting deductions for taxpayers, we hear him propose potentially, i don't know if he will get into this but say he has said he is willing to look at changes in...
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economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had change
economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money...
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you can't offend our economy. it will hit the defense department. how do you think the defense department feels about that? >> if these cuts happen there le bay disruption in defense and sharp decline in military readiness. >> jon: you can pull troops from germany and consolidate middle east forces and most armies and go all in on the australian content. this is not a game. [laughter] >> jon: no it's the game the world domination. risk. this is jon stewart comedian and drawing room emperor. you know, when i'm looking to kill eight hours, i like to play half a game of risk. [laughter] risk: because monopoly moves too fast and ends too quickly. >> this is reality. >> jon: all right. settle down. defense budget, we're not going to be ready to protect the country and defense spending cuts will have economic impacts as well. for instance, if the sequester kicks in not only will the international readiness be degraded things like the blue angels air show and fleet week will be canceled. no fleet week means no cher music videos. that means shares of mesh t
you can't offend our economy. it will hit the defense department. how do you think the defense department feels about that? >> if these cuts happen there le bay disruption in defense and sharp decline in military readiness. >> jon: you can pull troops from germany and consolidate middle east forces and most armies and go all in on the australian content. this is not a game. [laughter] >> jon: no it's the game the world domination. risk. this is jon stewart comedian and drawing...
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Feb 9, 2013
02/13
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our economy draws its strength
our economy draws its strength
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Feb 12, 2013
02/13
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FBC
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the economy is cooling. moody's chief economist tells us where we're headed. ♪ lou: president obama expected to call for more spending in tomorrow state of the union address. moody's chief economist joins us to tell us how the markets will react. just moments. first stocks opened with modest losses. the dow jones industrial down 22, s&p lost a point and nasdaq down to. two and a half million shares traded on the big board. i'll ask what that means. the lowest reading level since the 28 to december. fox business charlie gasparino reporting that that nasdaq group holding talks about taking them as -- nasdaq market private. the company is working on of rest what size workable computer. and i watch. the price of gold down almost $18 a day. crude oil up the dollar 301 closing above $97 per barrel. so far this year will up almost 6%. in the bond market the government's tenure treasury closing with a yield of just under 2%. passengers on a five day cruise in the gulf of mexico are spending a few more than five da
the economy is cooling. moody's chief economist tells us where we're headed. ♪ lou: president obama expected to call for more spending in tomorrow state of the union address. moody's chief economist joins us to tell us how the markets will react. just moments. first stocks opened with modest losses. the dow jones industrial down 22, s&p lost a point and nasdaq down to. two and a half million shares traded on the big board. i'll ask what that means. the lowest reading level since the 28 to...
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Feb 12, 2013
02/13
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FBC
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[laughter] gerri: talk about pivoting the change in tone and jobs and the economy. take a look at the headlines. usa obama puts renewed focus on job creation. january 28, 2010 "san francisco chronicle", "politico" 2011, and the obama tidbits and it tears the g.o.p. >> and also obama -- obama to focus jobs and "the washington post" february february 10, 2013, obama up its back to the economy. >> the president spent almost $1 trillion of stimulus spending and thought that would create jobs and retake $1 from one person and give it to somebody else there were $2 they were taxing and spending money to make us richer. we never had a recovery summer but the president talks about going back to jobs which means additional stimulus spending. gerri: so that means more federal spending. look at the chart. is higher, we have had no attraction despite the jobs council, stimulus spending, that didn't work. as a just a matter of confidence or something else? >> all the regulations his administration spent drafting, they said it would be better not to show them to the people after
[laughter] gerri: talk about pivoting the change in tone and jobs and the economy. take a look at the headlines. usa obama puts renewed focus on job creation. january 28, 2010 "san francisco chronicle", "politico" 2011, and the obama tidbits and it tears the g.o.p. >> and also obama -- obama to focus jobs and "the washington post" february february 10, 2013, obama up its back to the economy. >> the president spent almost $1 trillion of stimulus spending...
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Feb 12, 2013
02/13
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WUSA
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republicans have been keeping their emphasis on jobs and the economy. voter's number one issue. >> the sooner we begin to address our fiscal problem, i think the sooner the economy will begin to improve. >> as part of his economic message, the president is expected to ask lawmakers to invest in education. the nation's crumbling infrastructure and clean energy. while gun control won't be the central theme, it will still get some air time. several lawmakers have invited victims of gun violence. former congresswoman, gabrielle giffords and her husband, mark kelly, will join the arizona delegation. the couple just launched a new tv ad that will follow the president's speech, calling on lawmakers to pass gun control legislation. >> congress must act. >> president obama will take his state of the union message on the road later this week. on capitol hill, tara mergener for cbs news. >> gun advocate will be texas congressman, steve stockman's guest. >>> same-sex partners will soon have access to the very same benefits offered to their heterosexual counterparts
republicans have been keeping their emphasis on jobs and the economy. voter's number one issue. >> the sooner we begin to address our fiscal problem, i think the sooner the economy will begin to improve. >> as part of his economic message, the president is expected to ask lawmakers to invest in education. the nation's crumbling infrastructure and clean energy. while gun control won't be the central theme, it will still get some air time. several lawmakers have invited victims of gun...
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Feb 11, 2013
02/13
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WJLA
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this maryland resident is not worry too will lose her job, but she is worried that the local economy will be slowed. >> the district of columbia is heavily dependent on federal workers. is spending cuts are being implemented, that might affect the spending base and money that comes back into the community. >> workers we spoke to told us they are not being told what to expect. >> we are running under -- we do not really what is going to happen. >> still, there are feelings that washington will weather the storm. >> we have been through a lot. i think people underestimate what is going on outside of the government-based economy in d.c. >> the cuts will have a major impact on our region. more than 1500 government employees are expected to rally to protest the possible cuts. in the meantime, a senate committee will hear of the pentagon cuts will be carried out. both parties are trying for deal, but the prospects are dimming. abc7 news. >> thank you, rebecca. president obama is putting the finishing touches on his state of the union address. he will address a joint session of congress and
this maryland resident is not worry too will lose her job, but she is worried that the local economy will be slowed. >> the district of columbia is heavily dependent on federal workers. is spending cuts are being implemented, that might affect the spending base and money that comes back into the community. >> workers we spoke to told us they are not being told what to expect. >> we are running under -- we do not really what is going to happen. >> still, there are...
SFGTV2: San Francisco Government Television
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Feb 8, 2013
02/13
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SFGTV2
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energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the leaders of the italian american associations are gathered today, mr. mayor, and senator assembly man and board of supervisors is here to celebrate with us and ramona blackwell who with the committee of the italians abroad and elected body and we will need your support and it's not just top down but bottom up. we're are open to your ideas and suggestions. we want it to a great celebration and people are in charge and in power and they will also run the show. that's our objective. by the way also have guests from outside california and salt lake city -- i don't know where he is because i can't see anything wi
energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the...
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Feb 9, 2013
02/13
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CSPAN
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it is true that the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that if we raise taxes and cut spending, it could have a dragging effect on the economy. not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the explosive effect of lowing interest rates with a booming bond market and having more disposal income over five-10 year period to invest in america's future would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble. it will make sense here again. but timing is everything. so i think you should have a budget that does not defy arithmetic and does not follow in the trap that we had for 20 of the last 32 years which is you always get more money when you cut taxes. but it is also important that we recognize if there is literally no growth you dope get many revenues anyway. -- don't get many revenues anyway. what we need is a jobs program wi
it is true that the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that if we raise taxes and cut spending, it could have a dragging effect on the economy. not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the explosive effect of lowing interest rates with a booming bond market and having more disposal income over five-10 year period to invest in america's...
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Feb 11, 2013
02/13
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WETA
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so what is the current state of the economy? erika miller talked to two experts with different views. >> reporter: it may seem strange to many investors that the stock market can be hovering at five- year highs, when the economy is so weak. but what's fueling the rally is not the current situation, it's hope. >> we've taken out some of the downside tail risks. so, we're feeling like although it's not going to be a boom-y year, at least it will be a year where we can reasonably expect that the economy will continue to, you know, make progress. >> reporter: he expects there will be a continued slow, but steady, fall in the unemployment rate. in addition, the housing market recovery is spreading. >> we've seen a pick-up in household formation. so, more people are moving out of homes, starting new families and so forth. and so that creates underlying demand for housing units. and the second thing is, we've seen those inventories of excess unsold homes has been gradually whittled away. so now we're at a more normal inventory situatio
so what is the current state of the economy? erika miller talked to two experts with different views. >> reporter: it may seem strange to many investors that the stock market can be hovering at five- year highs, when the economy is so weak. but what's fueling the rally is not the current situation, it's hope. >> we've taken out some of the downside tail risks. so, we're feeling like although it's not going to be a boom-y year, at least it will be a year where we can reasonably...
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we're losing a couple hundred thousand more people could be killing our economy. until the economy heels the public will not be receptive to the unskilled workers. it is a mess right now. let's agree and get that over and done with. let's agree on the dream act and give some kind of green card to the of undocumented workers. that is toxic right now. i am not after mistake we can solve that problem. -- optimistic we can solve that problem. let's make things easier for everyone. give them green cards. my father has a green card. he has lived here for 30 years happily without having that problem. you do not have to have citizenship to do what is right for people. the problem can be solved. >> my wife lived here for 25 years on a green card until she decided to naturalized. she could not about in school board elections which annoyed her. the statue of liberty is on the cover of all the commission on immigration reform reports and on the diversity of visas. if you look at the composition, of current legal emigration to the u.s., it is very diverse. when approbation was
we're losing a couple hundred thousand more people could be killing our economy. until the economy heels the public will not be receptive to the unskilled workers. it is a mess right now. let's agree and get that over and done with. let's agree on the dream act and give some kind of green card to the of undocumented workers. that is toxic right now. i am not after mistake we can solve that problem. -- optimistic we can solve that problem. let's make things easier for everyone. give them green...
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Feb 11, 2013
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obama will focus on jobs and the economy. >> our economy grows when everybody is getting a fair shot and everybody is getting a fair shake. >> reporter: the president will emphasize the value of spending on education to give americans the skills they need. infrastructure like roads, research, including clean energy technology, and manufacturing. the inauguration was more about the underdog. this is about people that have already made it but the american dream is fading and he's got their backs. >> reporter: adding to the urgency of tuesday's speech, the looming sequester deadline set for march 1 when $85 million in across the board cuts are set to take effect. >> the economy is poised to take off if we do the right things. >> reporter: the president warning cuts would cause a huge blow to the economy. republicans firmly oppose more tax revenue as a solution. >> the problem is, david, every time you turn around, the answer is to raise taxes. you know, he just got his tax hike on the wealthy and you can't in this town every three months raise taxes. >> reporter: while some of the presi
obama will focus on jobs and the economy. >> our economy grows when everybody is getting a fair shot and everybody is getting a fair shake. >> reporter: the president will emphasize the value of spending on education to give americans the skills they need. infrastructure like roads, research, including clean energy technology, and manufacturing. the inauguration was more about the underdog. this is about people that have already made it but the american dream is fading and he's got...
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so it's the economy, just the gr greater economy. but people have cited health care costs, the cost of complying with regulation. but mostly, small business has helped as the economy has helped. >> there are some businesses doing better than others. are there particular categories that are thriving? >> if you go to silicon valley, it is an entirely different world. i mean, hiring there is up to pre-recession levels, internet boom levels. because of that, other sectors, not just tech, are doing well. because people have money. so places like construction is doing well there where it's not in other parts of the country. >> that's part of this whole immigration debate because they're hiring so many skilled workers and how do we get the skilled workers that are needed to fill the demand. >> the silicon valley is spearheading that entire debate. >> ground zero for that. which are having difficulty? >> construction, for small businesses. so when we got the jobs report, we saw construction jobs are increasing some. but for small businesses,
so it's the economy, just the gr greater economy. but people have cited health care costs, the cost of complying with regulation. but mostly, small business has helped as the economy has helped. >> there are some businesses doing better than others. are there particular categories that are thriving? >> if you go to silicon valley, it is an entirely different world. i mean, hiring there is up to pre-recession levels, internet boom levels. because of that, other sectors, not just...
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economy has grown 7.5%. compare that to double digit growth in other post recession periods and it appears that president obama has presided over the weakest economic recovery since world war ii. this as a new fox news poll shows 52% of americans believe the worst is yet to come. that's up from 48% just a year ago. let's bring in our political panel, angela mcglowan and a former spokesperson for vermont gosh howard dean who is also a presidential candidate. ladies, thanks for joining us, look, there's a lot of pessimism right now as we're seeing right now, a degree of uncertainty amongst the american people and why do you think that is when we're seeing that the economy shall at least our unemployment rate dropped to below 8%. >> americans, americans are suffering, kelly. i mean, people today, most don't believe in the american dream anymore, most don't believe they can obtain a house or even keep their house, most are living from paycheck to paycheck, if they have a job and more americans are living on gove
economy has grown 7.5%. compare that to double digit growth in other post recession periods and it appears that president obama has presided over the weakest economic recovery since world war ii. this as a new fox news poll shows 52% of americans believe the worst is yet to come. that's up from 48% just a year ago. let's bring in our political panel, angela mcglowan and a former spokesperson for vermont gosh howard dean who is also a presidential candidate. ladies, thanks for joining us, look,...
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if you want to grow the economy, you have to allow the people of california to prosper. the best way to do that for california is get out of the way if we do -- >> dan your governor has done the opposite, all he seems to do is raise the hurdles, raising taxes, making government bigger not smaller, should you be headed in opposite direction? >> yeah the bottom line is that the biggest problem we have is we have sacramento has handed over a lot ofs this authority to state agencies who are not elected, regulatory agencies who look at businesses as atm machines instead of trying to help them, i met governor perry two years ago. businesses that left california, one testimony was said that, you know doing business in california was a date of a thousand cuts. >> wow. you mentioned that california's number one in something you wish you were not, which is poverty, you know, you look at the results of the kind of policies your state has followed for years, and years and years, people get hooked on this public money. and that is only way they know how to survive. >> we have 12% of
if you want to grow the economy, you have to allow the people of california to prosper. the best way to do that for california is get out of the way if we do -- >> dan your governor has done the opposite, all he seems to do is raise the hurdles, raising taxes, making government bigger not smaller, should you be headed in opposite direction? >> yeah the bottom line is that the biggest problem we have is we have sacramento has handed over a lot ofs this authority to state agencies who...
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. >> president obama's state of the union speech tonight will focus primarily on jobs and the economy. it is expected to be different than his inaugural address last month. >> the economy will be central to the speech and how we grow the economy so everybody can participate and get a fair shot. >> president a look at clean energy education, and infrastructure. he warns against the automatic spending cuts. adding additional spending would require congressional approval putting mr. obama on a collision course with house republicans. >> it's time for washington to get back to the basics. we cannot continue to spend money we don't have. >> mr. obama will collaborate on some of the big themes from his inaugural speech such as immigration, climate change, and gun violence. tomorrow he goes to north carolina for a speech to workers at an auto plant. the town has a small house where mr. obama visited before. >> they never tell us when he's coming. >> democrats are placing a big emphasis on gun-control tonight. gabby giffords will be in the house chamber as well as the parents of a slain chica
. >> president obama's state of the union speech tonight will focus primarily on jobs and the economy. it is expected to be different than his inaugural address last month. >> the economy will be central to the speech and how we grow the economy so everybody can participate and get a fair shot. >> president a look at clean energy education, and infrastructure. he warns against the automatic spending cuts. adding additional spending would require congressional approval putting...
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[applause]in this new economy, talent is king. creativity is the new capital. the petition is worldwide. the rosetta, is -- the arizona commerce authority will continue to lead our job attraction efforts. companies such as silicon valley bank have chosen to expand or relocate to arizona due in part to the good work of the aca. [applause]halfway through this fiscal year, the commerce authority has already helped deliver more than 680 million dollars in capital investments, and 6000 jobs. [applause]while we lower the barriers to business while keeping regulations lane and taxes competitive -- lean and taxes competitive, it is clear we have another problem, our own sales tax system. sales tax is the most critical source of revenue for core state programs. our sales tax code is also one of the most complicated in the nation. it is an accountant's stream, but a business owner's nightmare. -- dream, but a business owner's nightmare. so many twists and turns it that we make difficult for businesses to simply pay what they know. --we. -- what they owe. complaints can b
[applause]in this new economy, talent is king. creativity is the new capital. the petition is worldwide. the rosetta, is -- the arizona commerce authority will continue to lead our job attraction efforts. companies such as silicon valley bank have chosen to expand or relocate to arizona due in part to the good work of the aca. [applause]halfway through this fiscal year, the commerce authority has already helped deliver more than 680 million dollars in capital investments, and 6000 jobs....
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slowing economies in europe and china could slow global growth. and conflict with iran could push up energy prices. erika miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the congress. se
slowing economies in europe and china could slow global growth. and conflict with iran could push up energy prices. erika miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose...
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Feb 9, 2013
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economy. there's an enormous amount of value created there. we talk about america's, we think about the world we inhabit at the long-term hope of the country as a place to do innovation. the principal thesis in the book that comes out of our research is unlike the reputation that a lot of people associate manufacturing, we think the ability to make things as fundamental to the ability to sustain innovation over the longer-term, especially when your products or processes and i i think it is referred to earlier when that are not really matured, there's an enormous amount of value add that have been, especially in the early stages of commercialization. when you give up making products, uses a lot of that knowledge and overtime that is going to impact your ability to do innovation. >> rate, thanks. bruce, i followed your work for a long time. when we talk about american economy, it doesn't make so much sense in africa because were not an american economy. we are a network of state economies and mo
economy. there's an enormous amount of value created there. we talk about america's, we think about the world we inhabit at the long-term hope of the country as a place to do innovation. the principal thesis in the book that comes out of our research is unlike the reputation that a lot of people associate manufacturing, we think the ability to make things as fundamental to the ability to sustain innovation over the longer-term, especially when your products or processes and i i think it is...
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find out what's really happening to the global economy in the kinds of reports. sigrid laboratory module mccurry was able to build a new age most sophisticated red blood which fortunately doesn't give a darn about anything to change mission to teach music creation why it should care about human to human greed this is why you should care only on the dog. hello welcome to the r t sports show with me. and here are the stories hitting the headlines. russia warm up for the first international match of the year a friendly against iceland in spain as coach fabio capello targets a place at next year's world cup. last time score a paid shill regular season champions with three games to go after beating big waddles another moscow three one in some petersburg. and making mountains the stars of alpine skiing full to the last stage of the world cup before this week's world championships the venue was on the outs with the russian capital .
find out what's really happening to the global economy in the kinds of reports. sigrid laboratory module mccurry was able to build a new age most sophisticated red blood which fortunately doesn't give a darn about anything to change mission to teach music creation why it should care about human to human greed this is why you should care only on the dog. hello welcome to the r t sports show with me. and here are the stories hitting the headlines. russia warm up for the first international match...
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charles: i want to say, what is more important, growing the economy? or taxing the economy? do you think that, more pro-business, pro-growth agendas just offered up even as a olive branch we could get enough businesses and people out there to pay regular taxes but fill that void are talking about. >> i am absolutely for growing the economy, you need fiscal responsibility and growth, you need both, this is not going to happen overnight. right now about 14%, okay? of our money, our money comes from revenues, 25%, spending, the gap is too big, we need to narrow down, where it was 3%, you need revenues up, you need spending down, both have to happen together. charles: it does not feel like, that the president got a huge victory, a big time tax hike. very little spending cut. and there is dropping hints today or during super bowl, -- a lot of times we get these things and hear about big projects that go after the rich. but we also end up going after the not so rich, because the payroll tax hike i think will be devastating, so far the tea leaves are not reading so well for that bu
charles: i want to say, what is more important, growing the economy? or taxing the economy? do you think that, more pro-business, pro-growth agendas just offered up even as a olive branch we could get enough businesses and people out there to pay regular taxes but fill that void are talking about. >> i am absolutely for growing the economy, you need fiscal responsibility and growth, you need both, this is not going to happen overnight. right now about 14%, okay? of our money, our money...
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we are not an american economy. we are a network of state economies. we talk about manufacturing in the category, and that is a little over broad. manufacturing is a million little subcategories. the same way that you have thought you broke down and said this is what specific cities are doing well, what are some specifics of sectors right now that are the leading edge for the super sector? >> the top 100 letters in the united states said on 12% of our land mass. they are 2/3 of the population. and every indicator that matters, there are 85% or 90% and national share. it is really hard to talk about an american economy. you have to talk about the metropolitan the economy. for a long time i think we've focused on consumption. a wal-mart is a wal-mart is a wal-mart whether it is phoenix or denver or detroit. sam design, prices, and same wages. when start looking at advanced manufacturing he began to see the effect. the concentration of fat and manufacturing that goes back. they are locating near skilled they are locating near skilled labor
we are not an american economy. we are a network of state economies. we talk about manufacturing in the category, and that is a little over broad. manufacturing is a million little subcategories. the same way that you have thought you broke down and said this is what specific cities are doing well, what are some specifics of sectors right now that are the leading edge for the super sector? >> the top 100 letters in the united states said on 12% of our land mass. they are 2/3 of the...
SFGTV2: San Francisco Government Television
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to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was established in 2009 by the american reinvestment and recovery act and is administered by ntia. we have nearly $4 billion invested in roughly 230 projects across the country, all aimed at expanding broadband access and adoption in the country. and i want to tell you a little bit about the programs and then tell you about why we care so much about this issue. so, we have the btop for infrastructure projects. these are building broadband networks in areas that are currently underserved. they are making sure that hospitals, schools, and other vital community institutions have the access that they need to make s
to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was...
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empower us to bring in the people who add to the economy. deal with low-skilled jobs that in many cases if people come to the country, they do it for a short period of time. is our standard today is supposed to be an american way for an american job, or, i want to go to mr. a lot. is it a which this fair and a greater than the wages somebody would find the home country for coming here and sufficient for them to earn a living but also go home with more money. if that is the standard then is that not an achievable standard where it is a when-when net. the can have the crops dealt with in a decent way. we can have a flow of labor for the one portion the in fact would not be subject to change migration. >> the commission recommendation says that it was an attractive goal, but not possible to achieve the. >> i will go back to my promise, i want to be quick. we pay more than they would find in their home country, but not necessarily what we are paying today with the rules under the program of a to a. >> the other thing you might want to look at is
empower us to bring in the people who add to the economy. deal with low-skilled jobs that in many cases if people come to the country, they do it for a short period of time. is our standard today is supposed to be an american way for an american job, or, i want to go to mr. a lot. is it a which this fair and a greater than the wages somebody would find the home country for coming here and sufficient for them to earn a living but also go home with more money. if that is the standard then is that...
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we're at 100% right now. $16 trillion economy. $16 trillion in debt. roll the clock 10 years from now, same thing, $26 trillion economy, 26 trillion in debt. what the cbo is saying we can do nothing and live the next 10 years in perpetual potential crisis and with bad growth. that's a very big price to pay. melissa: do you think that's one of the reasons we're seeing slow growth right now? >> i think there is question about it. i think we benefit from being serious about this. quite frankly, melissa, we don't have to have the bad news up front. if we were take care of some big spending programs that will really blow up at the end of the decade, medicare, medicaid, affordable care act which will be very expensive, social security, it will be no near term austerity. this year we won't cut senior benefits. we take care of the debt problem. melissa: all these bills seem like they're free because chinese are buying so much of our debt. interest rates are low, and it doesn't seem like much of a problem. what would be happening today that wouldn't be happenin
we're at 100% right now. $16 trillion economy. $16 trillion in debt. roll the clock 10 years from now, same thing, $26 trillion economy, 26 trillion in debt. what the cbo is saying we can do nothing and live the next 10 years in perpetual potential crisis and with bad growth. that's a very big price to pay. melissa: do you think that's one of the reasons we're seeing slow growth right now? >> i think there is question about it. i think we benefit from being serious about this. quite...